Thursday, March 1, 2007
Housing
What the housing market needs, is what it is getting, and that is lower rates. All of this uncertainty is pushing rates lower, which is good for those home owners who need to refinance into fixed rates mortgages to ameliorate the costs of their upward adjusting ARMs. In that vein, I am taking a shot at buying USG, a stock that has come down hard over the last couple days. This is a trade, and if it doesnt work, I won't hang on hoping for better times ahead. Bought it at 53.85 and will risk it to the low of the day and then I am out.
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